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Showing results for tags 'partnership'.
Found 11 results
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Evening all Chris here, a UK expat in HK. I’ve got a few properties in the U.K. (mainly London at the moment but exploring options back home in my Northern homeland). I am looking to kick on with my investments to move away from my current career into property full time within c5 years. Keen to be connected to fellow HK investors to build my network, share ideas and explore collaboration opportunities. Look forward to hearing from you! Cheers Chris
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I'm looking at the forms SA800 - Partnership Tax Return SA801 - Partnership property return The 2 partners are running their business as a general partnership. They buy a propery in their own names and include it in the partnership tax returns. The properties are either cash bought or mortgage and deposit. Do the properties, mortages, cash, deposit get accounted for in the balance sheet and capital accounts?
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Hi good afternoon everyone, Name is Paul and I've been in property since 2011. I started by renting out and managing my property myself, becoming NLA accredited and have moved to a more passive strategy using a managing agent. I've enjoyed all aspects and have now built up 4 properties. I still manage one of them but as I live 300miles away the remainder are fully managed by a local letting agent. We are a married couple and my wife is no longer a 40% tax payer for the foreseeable future (actually her earnings will be less then 3k) but I will remain a higher rate tax payer. We currently owm our properties with the following ownership structure: 2 in higher rate tax payers name. 1 lower tax rate payers name. 1 in joint names with the intention of getting a declaration of trust and form 17 for more favourable rental income benefits. We are also looking to purchase two further properties in the next 6 month's. My intention is currently to use a DoT for the 2 properties currently held in legal ownership in my name and for the one in joint names to bring the beneficial ownership to 1:99% in favour of lower tax payer. Can anyone confirm that a deed of trust is valid for transferring beneficial ownership in these ownership circumstances? There's a lot of conflicting information online but this seems to be the best solution for us until we can incorporate using the rules of property partnership to minimise SDLT and CGT. Thanks, -
Hello, My name is Michael and I am based in London. I have previously done a couple of deals in Spain and Eastern Europe and now would like to focus on the UK market. I am a software developer turned into entrepreneur over the years. I am looking for a long-term partner (with a track record, good references and with some cash to invest) in the Manchester area to join forces with. I would like to start investing in the real estate market by acquiring houses in a poor condition, refurbishing them and then selling them as soon as possible. Rentals do not attract me. My participation to the business would be just cash. We would draft a deal that's efficient for both parties. If you can recommend me someone, please do. I appreciate your help! Thank you!-
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Morning all Just wanted to ask for some advice off anyone who is a few steps in front of me or is where I want to be. I am a 20 year old electrician and have been studying about property investment/ development for about a year or two simply just reading books, articles, forums you tube videos etc... My best pal and I (who is also and electrician) have decided to partner up on our property investment journey as we both have very similar if not the same goals relating to where we want to be and also feel that we would work very well with each other. We both live in Caterham surrey and between us both have managed to save up around £25,000 and also can get loans if needed. We have been viewing properties in areas such as Crawley/ East Grinstead about a 20 minute drive from our homes. Our strategy is for the first three properties we buy we will sell two and hold one for rent in the hope that we would have made enough capital to afford a BTL investment. Our goals aren't for short term cashflow it is for long term wealth as we both know you cant get rich quick. We have agreed that we will live off our current wages and any money made from the property business will be reinvested back into it in the hope that over a 10/15 year period we would have large property portfolio and leave our jobs as sparkies and become full time property developers as it has always been our dream. I know I have only touched on our goals/ game plan briefly in this paragraph but have one written up going into the depth about where we will be in the future if anyone is interested. Hope you all have a good day and look forward to reading any replies as I think we would both benefit massively from it. Kind regards Will.
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Morning all Just wanted to ask for some advice off anyone who is a few steps in front of me or is where I want to be. I am a 20 year old electrician and have been studying about property investment/ development for about a year or two simply just reading books, articles, forums you tube videos etc... My best pal and I (who is also and electrician) have decided to partner up on our property investment journey as we both have very similar if not the same goals relating to where we want to be and also feel that we would work very well with each other. We both live in Caterham surrey and between us both have managed to save up around £25,000 and also can get loans if needed. We have been viewing properties in areas such as Crawley/ East Grinstead about a 20 minute drive from our homes. Our strategy is for the first three properties we buy we will sell two and hold one for rent in the hope that we would have made enough capital to afford a BTL investment. Our goals aren't for short term cashflow it is for long term wealth as we both know you cant get rich quick. We have agreed that we will live off our current wages and any money made from the property business will be reinvested back into it in the hope that over a 10/15 year period we would have large property portfolio and leave our jobs as sparkies and become full time property developers as it has always been our dream. I know I have only touched on our goals/ game plan briefly in this paragraph but have one written up going into the depth about where we will be in the future if anyone is interested. Hope you all have a good day and look forward to reading any replies as I think we would both benefit massively from it. Kind regards Will.
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Hi all, I'm a property investor with proven records and I'm looking for an investor that is able to provide cash finance for flip projects in South East England. I'm willing to offer either debt or equity. You can send me an email at: doorly.properties@gmail.com or a DM here. Looking forward to work with you, David -
Hi, looking for some advice please on how to best structure our property portfolio. I’m a basic rate tax payer £33k income, my wife is a housewife with £3k taxable benefits income. We have remortgaged our residential property to release £150k of equity to start investing. How can we structure our first (joint) BTL property investment to take advantage of my wife’s income tax allowance? Would a declaration of trust and form 17 work given that my wife would not get a BTL mortgage on her own? How about us both becoming a Partnership and splitting the income via that route? Thanks for any help and advice. -
Hi all, I did try to search for an answer to this but could not find anything so sorry if i've missed it. Myself and my business partner (both 20% rate tax payers) are looking to buy our first BTL property soon. Our goals are to recycle our deposit as best as we can and continue purchasing property. The properties will hopefully be used as a pension, and eventually passed on to both sets of family members. We will not need to use the monthly cash flow initially (other than to reinvest), but in 5 years hope to start using some of it to allow us to drop down a day in our jobs. What i would like to know is what is the best, most tax efficient way to set up? Partnership or LTD Company? And is there anything we can do now that will make passing on the properties to both our separate families easier in the future? Thank you in advance for any help you can give me. Bob
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Hi All, I'm looking for any examples of joint venture or partnership agreements. Thinking about going in on a buy-to-let investment with a partner. Any examples agreements would be appreciated. Thanks!
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Hi everyone, I need some advice on obtaining a mortgage as a foreigner. I've finally saved up a deposit and am ready to get the first BTL property of my (hopefully) future portfolio. After speaking to a couple of brokers however, I've come across quite a challenge. As I am not a British or European, I am being told there are no BTL mortgage products available to me. I'm a New Zealander living and working in the UK and a full time UK resident. I'm here on an ancestry visa that lasts for 5 years, of which I'm in year 4. In spring 2016 I will have Indefinite Leave to Remain (ILR)status. Does anyone know of any lending options available to me? Residential mortgages, so I'm told, are easier to get in this situation but I don't fancy the risk of illegally letting it out considering how hard it was to get the money in the first place. What's more - are there any other options? For example, my close friend, who I do trust, is European and would happily invest with me as a partnership. However everything would need to be in his name. Then in 2016, if say we re-mortgaged and I have ILR, is it possible to add an additional to the deed/title of the property? Can it be partially or wholly gifted or something like that? Apologies for the long post and several questions at once! I really just want to think what the best strategy would be in this scenario. Or if anyone knows of brokers who actually deal with customers like me (foreign) wanting relatively low valued (circa £100k) property, I'd be forever grateful! Cheers Mat
